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Unaudited Condensed Consolidated Statements of Shareholders' Equity - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
 [1]
Retained Earnings [Member]
Total
Balance (in shares) at Dec. 31, 2018 [1] 1,564,456      
Balance at Dec. 31, 2018 $ 46,934 [1] $ 233,996,669 $ (230,222,985) $ 3,820,618
Net income (loss) [1] (917,545) (917,545)
Dividends to Series B preferred shares [1] (1,110,467) (1,110,467)
Preferred deemed dividend [1] (504,577) (504,577)
Issuance of shares for vessel acquisitions (in shares) [1] 2,816,901      
Issuance of shares for vessel acquisitions $ 84,507 [1] 13,134,155 13,218,662
Share-based compensation [1] 72,404 72,404
Balance (in shares) at Sep. 30, 2019 [1] 4,381,357      
Balance at Sep. 30, 2019 $ 131,441 [1] 247,203,228 (232,755,574) 14,579,095
Balance (in shares) at Dec. 31, 2019 [1] 5,600,259      
Balance at Dec. 31, 2019 $ 168,008 [1] 253,967,708 (233,682,015) 20,453,701
Net income (loss) [1] 3,466,124 3,466,124
Dividends to Series B preferred shares [1] (524,621) (524,621)
Share-based compensation [1] 91,546 91,546
Offering expenses [1] (65,916) (65,916)
Issuance of shares sold at the market (ATM), net of issuance costs (in shares) [1] 200,000      
Issuance of shares sold at the market (ATM), net of issuance costs $ 6,000 [1] 709,550 715,550
Balance (in shares) at Sep. 30, 2020 [1] 5,800,259      
Balance at Sep. 30, 2020 $ 174,008 [1] $ 254,702,888 $ (230,740,512) $ 24,136,384
[1] Adjusted to reflect the 1-for-8 reverse stock split effected at the close of trading on December 18, 2019.